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Share Based Compensation (Tables)
6 Months Ended
Jun. 30, 2022
Share Based Compensation [Abstract]  
Schedule of the option activity
   Number of
share
options
   Weighted
average
exercise
price
$
   Remaining
contractual
term in
years
   Aggregate
Intrinsic
value
$
 
                 
Outstanding, January 1, 2022   1,273,706    3.19    11.01    - 
                     
Granted   1,531,332    1.34    12.30      
Exercised   (63,095)   2.50         4,926 
Forfeited   (9,390)   2.76           
Cancelled   (4,334)   11.68           
Outstanding, June 30, 2022   2,728,219    2.16    11.33    45,492 
Exercisable, June 30, 2022   884,801    3.30    10.13    560 
                     
Outstanding, January 1, 2021   717,717    3.76    11.22      
                     
Granted   752,185    2.76    12.29      
Exercised   (158,125)   3.79         15,969 
Forfeited   (5,602)   2.92           
Outstanding, June 30, 2021   1,306,175    3.18    11.50    423,411 
Exercisable, June 30, 2021   298,803    4.35    10.40    48,779 

 

Schedule of each stock option award is estimated on the date of grant using the Black-Scholes option pricing model
   Granted in
2022
    Granted in
2021
 
Expected volatility   89.55%   97.70%
Risk-free interest rate   1.86%   1.64%
Expected term from grant date (in years)   5.63-6.41    5.62-6.41 
Dividend rate   -    - 
Dilution factor   1    1 
Fair value  $0.97-$1.02   $2.51-$2.60